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ZayZoon

Can an EWA-first benefits platform become the financial wellness layer embedded inside every SMB payroll provider?

Founded2014
HQCalgary, AB, Canada (with US HQ in Scottsdale, AZ)
FoundersDarcy Tuer
Total raised$103.7M
Latest roundSeries B, 2023
IndustryFintech / Earned Wage Access
The story

Founded 2014 in Calgary as a pure-play earned wage access provider charging employees a flat $5 per transaction. Has expanded from EWA into adjacent financial-wellness products including a VISA prepaid card (to offer fee-free payouts), a Perks/discount marketplace, and a Rewards & Recognition tool. Distribution strategy is heavily channel-led — embedded into payroll/HCM platforms (ADP, isolved, Execupay, EBC HCM/Asure) rather than direct employer sales.

Last 12 months
2023-09
Product timeline
0
Launched ZayZoon VISA Prepaid Card for fee-free wage payouts.· card
0
Launched ZayZoon Rewards & Recognition (R&R) product.· product
0
Achieved ADP Marketplace Platinum Partner status.· partnership
2014
ZayZoon founded as an earned wage access provider for SMBs.· founding
2023
Raised $34.5M Series B led by Framework Venture Partners.· funding
Regulated entities
NMLS Registered
US
ZayZoon US Inc.
The stack
Payments / PSP
ZayZoon-funded wage advances (self-operated)
Lending
ZayZoon (in-house)ZayZoon Wages On-Demand (EWA)Instant access to earned wages (up to 50% / max $200 per day)
Accounting
ADP Workforce NowADP Workforce Now Next GenADP RunisolvedExecupayEBC HCMAsureUKG
Accounting gap: none